Two Sigma Investments LP Purchases New Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Two Sigma Investments LP acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,175 shares of the company's stock, valued at approximately $544,000. Two Sigma Investments LP owned 0.06% of Par Pacific at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares during the period. US Bancorp DE boosted its position in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the period. Quadrant Capital Group LLC boosted its position in Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after acquiring an additional 1,784 shares during the period. Allworth Financial LP boosted its position in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after acquiring an additional 7,975 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Par Pacific during the 4th quarter worth $183,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group reduced their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Piper Sandler upped their price objective on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Wednesday, May 28th. TD Cowen cut their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Mizuho upped their price objective on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.25.

Par Pacific Trading Up 5.7%

Shares of Par Pacific stock traded up $1.27 on Wednesday, reaching $23.66. 1,385,390 shares of the company were exchanged, compared to its average volume of 1,158,001. The stock has a fifty day moving average price of $17.41 and a 200-day moving average price of $16.40. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 4.59 and a beta of 1.68. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $27.45.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. On average, analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.